Latest Bitcoin news further links the digital currency with criminal organizations. Greek police announced on Wednesday that they arrested 38-year-old Alexander Vinnik, who is accused of laundering over $4 billion to criminals. Reuters reports that the Russian man was arrested in a small beachside village in northern Greece and will be extradited to the US due to an active warrant by US law enforcement.

According to Greek police, Vinnik has been running his money laundering scheme since 2011, where he legalized funds obtained from criminal activities.